ST LUKE'SJONES REGIONAL MEDICAL CE… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

ERIC BRIESEMEISTER

Phone

3194626131

Tax Period

2023-01-01 to 2023-12-31

ST LUKE'SJONES REGIONAL MEDICAL CENTER, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $56.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $12.1M, a strong 21% operating margin.

Mission

TO PROVIDE QUALITY SERVICES IN AN EFFICIENT, COST-EFFECTIVE MANNER AND TO PROMOTE HEALTHY LIFESTYLES TO OUR CUSTOMERS.

Program Service Accomplishments

Program 1

Expenses: $42,126,104 Revenue: $55,030,042

HEALTH-CARE SERVICESST. LUKE'S/JONES REGIONAL MEDICAL CENTER PROVIDES INPATIENT AND OUTPATIENT MEDICAL SERVICES TO TREAT INDIVIDUALS WITH DISEASES, ILLNESS AND INJURIES WITH VARYING COMPLEXITIES. IT PROVIDES SERVICES TO IMPROVE THE HEALTH OF PATIENTS AND TO BETTER THEIR QUALITY OF LIFE. ALL SERVICES ARE PROVIDED REGARDLESS OF AN INDIVIDUAL'S RACE, CREED, SEX, NATIONALITY, HANDICAP, AGE OR ABILITY TO COMPENSATE FOR SERVICES RENDERED. THESE INCLUDE, BUT ARE NOT LIMITED TO, GENERAL ACUTE CARE, SURGERIES, MENTAL HEALTH CARE, REHABILITATION, SKILLED NURSING, LABORATORY, PHARMACEUTICAL DRUGS, EMERGENCY SERVICES, OUTPATIENT CLINICS, AND RADIOLOGY. SOME OF THE SERVICES PROVIDED DO NOT GENERATE ENOUGH INCOME TO OFFSET THEIR COST. IN THE FISCAL PERIOD ENDED DECEMBER 31, 2023, ST. LUKE'S/JONES REGIONAL MEDICAL CENTER DISCHARGED 345 PATIENTS RESULTING IN A TOTAL OF 1,775 PATIENT DAYS. OUTPATIENT VISITS TOTALED 168,305 AND TOTAL OUTPATIENT SURGERY REGISTRATIONS FOR THE SAME PERIOD WERE 1,246. THERE WERE ALSO 7,551 EMERGENCY ROOM VISITS.

Program 2

Expenses: $349,467 Revenue: $0

COMMUNITY BENEFIT, INCLUDING CHARITY CARECHARITY CARE AND MEANS-TESTED PROGRAMS: ST. LUKE'S/JONES REGIONAL MEDICAL CENTER PROVIDES CHARITY CARE AND OTHER MEANS-TESTED PROGRAMS WITH THE GOAL TO...

COMMUNITY BENEFIT, INCLUDING CHARITY CARECHARITY CARE AND MEANS-TESTED PROGRAMS: ST. LUKE'S/JONES REGIONAL MEDICAL CENTER PROVIDES CHARITY CARE AND OTHER MEANS-TESTED PROGRAMS WITH THE GOAL TO IMPROVE THE COMMUNITY'S OVERALL HEALTH AND ACCESS TO CARE. THIS INCLUDES HEALTH-CARE SERVICES REGARDLESS OF THE PATIENT'S INSURANCE COVERAGE OR FINANCIAL STATUS. CHARITY CARE AND PARTIAL TO FULL FINANCIAL ASSISTANCE IS PROVIDED TO PATIENTS ON A CASE-BY-CASE BASIS. CHARITY CARE WAS MADE AVAILABLE AT A VALUE OF $168,783 IN 2023. OFTENTIMES, ST. LUKE'S/JONES REGIONAL MEDICAL CENTER RECEIVES PAYMENTS FROM PAYORS OR PATIENTS THAT ARE LESS THAN IT CHARGES FOR SERVICES. ST. LUKE'S/JONES REGIONAL MEDICAL CENTER PARTICIPATES IN MEDICAID AND OTHER GOVERNMENT-SPONSORED HEALTH-CARE PROGRAMS. ST. LUKE'S/JONES REGIONAL MEDICAL CENTER'S NET COST OF PROVIDING CARE FOR WHICH IT RECEIVES PAYMENT BELOW ITS COST IS $27,508. TOTAL CHARITY CARE AND MEANS-TESTED PROGRAMS REPORTED VALUE: $196,292.OTHER BENEFITS: ST. LUKE'S/JONES REGIONAL MEDICAL CENTER PROVIDES SEVERAL OTHER BENEFITS THAT ASSIST THE COMMUNITY. PROGRAMS INCLUDE, BUT ARE NOT LIMITED TO, COMMUNITY HEALTH IMPROVEMENT SERVICES AND COMMUNITY BENEFIT OPERATIONS SUCH AS PREVENTION AND HEALTH SCREENINGS; HEALTH PROFESSIONAL'S EDUCATION; SUBSIDIZED HEALTH SERVICES; RESEARCH, AND CASH AND IN-KIND CONTRIBUTIONS TO COMMUNITY GROUPS. ST. LUKE'S/JONES REGIONAL MEDICAL CENTER COLLABORATES WITH OTHER HOSPITALS, CHURCHES, SCHOOLS, CHAMBERS OF COMMERCE AND DAYCARE CENTERS TO IMPROVE COMMUNITY HEALTH AND EXPAND ACCESS TO HEALTH CARE. ST. LUKE'S/JONES REGIONAL MEDICAL CENTER HAS DEDICATED STAFF TO ASSIST COMMUNITY BENEFIT EFFORTS. TOTAL OTHER BENEFITS REPORTED VALUE: $153,175.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $288,755

Program Service Revenue $53,519,044

Investment Income $1,253,618

Other Revenue $1,595,494

TOTAL REVENUE $56,656,911

Expense Breakdown

Grants Paid $117,906

Salaries & Benefits $26,111,318

Fundraising Expenses $0

Program Expenses $42,475,571

Other Expenses $18,309,632

TOTAL EXPENSES $44,538,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$56,656,911	$51,816,665	+0.1%
Expenses	$44,538,856	$42,743,306	+0.0%
Net Income	$12,118,055	$9,073,359	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

327

Volunteers

236

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,518,084

Total Directors

$3,161,441

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLIE BECKER	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC BRIESEMEISTER	BOARD MEMBER/CEO - JRMC	40.00	Officer Director	$0	$45,972	$291,242
CASEY GREENE FR 1223	BOARD SEC/TREASURER & PRES/CEO	1.00	Officer Director	$0	$66,395	$416,844
PHILIP HANNA	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL HEINRICH TO 1223	BOARD MEMBER/SR VP/CFO	1.00	Officer Director	$0	$78,425	$702,550
LUCAS HICKS FR 1223	BOARD MEMBER	1.00	Director	$0	$21,030	$243,959
AIMEE HOSPODARSKY FR 0223	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID KEHOE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MICHELLE NIERMANN TO 1223	BOARD SEC/TREASURER & PRES/CEO	1.00	Officer Director	$0	$119,328	$1,107,448
JILL PARHAM TO 0223	BOARD MEMBER	1.00	Director	$0	$0	$0
JANINE SULZNER FR 0223	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL WESTON MD TO 0223	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$48,388	$399,398
JAY WILLEMS	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
AMBER COLLUM	PHYSICIAN ASSISTANT	40.00	Highest	$210,135	$30,271	$240,406
KARL HOLMES	PHYSICIAN ASSISTANT	40.00	Highest	$269,527	$16,563	$286,090
ALISSA SCHEPANSKI	PHYSICIAN ASSISTANT	40.00	Highest	$209,095	$41,984	$251,079
ANNA PRUESS	NURSE PRACTITIONER	40.00	Highest	$197,313	$32,383	$229,696
MICHELLE VANDEBERG	NURSE PRACTITIONER	40.00	Highest	$230,121	$14,019	$244,140
THEODORE TOWNSEND JR TO 1218	FORMER PRES/CEO	0.00		$0	$0	$462,474

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$56,656,911	$44,538,856	$82,177,281	$12,118,055
2022	$51,816,665	$42,743,306	$68,638,196	$9,073,359
2021	$47,904,266	$39,928,227	$65,819,310	$7,976,039
2020	$46,151,012	$40,797,128	$57,352,480	$5,353,884
2019	$41,674,557	$35,831,906	$44,508,016	$5,842,651
2018	$35,316,173	$32,414,589	$51,778,682	$2,901,584

ST LUKE'SJONES REGIONAL MEDICAL CENTER